Curious…Average CC Bill (Spending Habits)

posted 2 years ago in Finances
  • poll: What is your average bill?
    500-1000 : (28 votes)
    21 %
    1001-2000 : (33 votes)
    25 %
    2001-3000 : (23 votes)
    17 %
    3001-4000 : (27 votes)
    20 %
    None of the above - please comment! : (22 votes)
    17 %
  • Post # 91
    Member
    993 posts
    Busy bee

    We put everything on credit cards. Even if I got to the dollar store.and buy something for  $2 I put it on CC. We probably average about $2000 – 3000 right now per month. 

    Post # 92
    Member
    4269 posts
    Honey bee
    • Wedding: August 2015

    Average for me is $1600-$2000.  I literally put everything on my card and then pay it off in full each month.  Groceries, gas, errands, clothes…everything.  My husband uses his debit card more than his credit card, but he typically has $500 on the credit card at the end of each month.

    Post # 93
    Member
    1309 posts
    Bumble bee

    We put everything on our credit cards, including our mortgage and student loans so we’re a bit more than $3,000 a month.  But we also pay it off monthly because the interest on that would be outrageous.

    We already have enough points accumulated to pay for our flights and the hotel for our honeymoon this June. smile

    Post # 94
    Member
    5897 posts
    Bee Keeper
    • Wedding: April 2013

    What litterally gets charged to our CC’s?  Not quite sure.  But I can tell you with certainty that our average monthly spending is $7000 all in (includes evertying from rent to coffee to insurance).  We are a couple in a HCOL with no kids and no pets.

    We try to put everything on our CCs that’s possible, so I’d say that about $4000 per month goes on the cards.  We have a few differnt cards for points reasons, so I never see it all in one place and when I track our spending I’m not really concerned about where exactly it was charged. (We don’t carry a balnace.)

    Post # 95
    Member
    14 posts
    Newbee

    Hi bees! I noticed a few people in this post saying they pay their CC off before the statement period even closes, and just wanted to throw in my own 2 cents on why you may want to reconsider.

    You should absolutely pay your CC off every month and never carry a balance, but paying it off before the statement period closes can actually hurt your credit score. The way to get the best credit score possible is to keep your credit utilization between 3-10%. Credit reporting agencies only see the final number on your bill at the end of each statement period, so if that number is $0, they will calculate your utilization as 0%, and thus they interpret this as you are not using your CCs at all. From there, they can’t make any interprations about your behavior as a responsible borrower, and it can ultimately negatively impact your credit score.

    I agree with another poster on here that the way these credit scores are calculated is completely ridiculous and illogical, and this is just another one of the reasons why. Also, this is for US only – not sure how scores are calcualted in other countires (or if they even use scores?? lol)

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